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Question
With respect to a commodity's freight classification, shippers tend to prefer a higher classification number while carriers tend to prefer a lower classification number.Answer
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DAT (Delivered at Terminal). In this type of transaction, the seller clears the goods for export and bears all risks and costs associated with delivering the goods and unloading them at the terminal at the named port or place of destination. The buyer is responsible for all costs and risks from this point forward including clearing the goods for import at the named country of destination.
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b. measures a company's logistics cost as a percentage of its total cost
c. compares inventory turnover for major retailers
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Shipping conferences refer to ____.
a. annual meetings of large international shippers
b. international shippers' associations
c. cartels of ocean vessel operators operating between certain trade areas
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Q:
Incoterms are generally revised approximately every ____ years.
a. 25
b. 20
c. 10
d. 5
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a. certificate of origin
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c. shipper's letter of instruction
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a. RFID tab
b. shipper's mark
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a. it becomes more costly to import products to the country, but its exports surge
b. both imports and exports surge
c. it becomes more costly to export products from the country, but its imports surge
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a. net world product
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c. gross world product
d. gross world income
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